AUA: Loss of € 63m in the First Half of 2011

TransportAirlines & Airports ♦ Published: July 28, 2011; 11:19 ♦ (Vindobona)

Austrian Airlines is still clearly in the red. The company was not able to improve significantly on last year’s result in the first six months of 2011.

AUA: Loss of € 63m in the First Half of 2011 / Picture: © Austrian Airlines / Flickr Attribution-NonCommercial-ShareAlike 2.0 Generic (CC BY-NC-SA 2.0)

Framework conditions for Austrian Airlines in the first half-year of 2011 were considerably more difficult than anticipated. The high oil price had a negative effect on the result. As well as this, after the financial crisis in Central and Eastern Europe, two more of Austrian Airlines’ strategic pillars, the Middle East and Japan, were impacted by special one-off effects. Around 20%…